- The loan will be used to refinance current EstateGuru outstanding loan with a purpose to cover the additional financial expenses occurred in the last phase of the development preparation (projection, marketing, preparation for the construction).
- The loan is secured by residential land plots with a building right in Harju County, Harku parish, Tabasalu.
- The EstateGuru security agent will have the 1st rank mortgage on behalf of the lenders.
- The loan will be returned from refinancing with a development loan in 9 months period.
- LTV (Loan-to-Value) ratio is 63%
- The borrower will add 1% interest for investments over €10,000 (total 12% p.a)